6043 Selma Avenue

Los Angeles, CA 90028

$3,800,000
Price
10
Beds
6
Baths
4,328 Sq. Ft.
— / Sq. Ft.
4,328
Sq. Ft.
—
per Sq. Ft.

Description

Bungalow Heaven! This unique property consists of 6 individual bungalow homes on a huge, gated lot (almost 20,000 sf). Each house is rich with original woodwork and character and has its private fenced yard. Location, Location, Location, say no more, located right in the heart of Hollywood, within walking distance to great shopping, restaurants, entertainment, and the Red Line metro station, but set back off a quiet tree-lined street, creating a serene, tranquil and private living environment. Over...Bungalow Heaven! This unique property consists of 6 individual bungalow homes on a huge, gated lot (almost 20,000 sf). Each house is rich with original woodwork and character and has its private fenced yard. Location, Location, Location, say no more, located right in the heart of Hollywood, within walking distance to great shopping, restaurants, entertainment, and the Red Line metro station, but set back off a quiet tree-lined street, creating a serene, tranquil and private living environment. Over the past few years, four of the units have been fully upgraded, while the others are home to long-term tenants. Everyone who has lived in these units loves them. TWO units will come VACANT. This property is Subject To Inspection; DO NOT ENTER THE GATES, DO NOT WALK PROPERTY.

Listing Agent

  1. Sergio Flores

    Sergio Flores

    Listing Agent

    Compass

    DRE #01450965

    sergio.flores@compass.com

    P: (310)-922-4026

Property Details for 6043 Selma Avenue

Zoning
LAR4
Style
Cottage
Parcel Number
5545007040
Total Units
6.0
Living Area
4328
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
Yes
LISTING UPDATED: 11/11/2024 04:51 PM

Property Details for 6043 Selma Avenue

StatusActive
MLS #24-462481
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.45 AC
CountyLos Angeles County
Buyer's Agent Compensation2%

Building Information for 6043 Selma Avenue

Building Size-Lot Size0.45 AC

Property Information for 6043 Selma Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 7
  • Type Of Units: SFR
  • Security Features: Gated
  • Direction Faces: East
  • Property Condition: Updated/Remodeled
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $259,380
  • Net Operating Income: $202,882.00
  • Gross Income: $259,380
  • Cap Rate: 6.82%
  • Gross Rent Multiplier: $14.65
  • Garage Income: $1,800
  • Vacancy Allow Dollar: $435.00
  • Vacancy Allow Percent: 2.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 42104
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.4548
  • Lot Size Square Feet: 19809
  • Lot Description: 2-4 Lots, Fenced Yard, Fenced
  • Lot Location: City, Cul-De-Sac, Corner Lot, Park Nearby
Parking Details
Parking Details
  • Parking Garage: Assigned, Circular Driveway, Driveway - Combination, Driveway - Concrete, Parking Space
  • Total Parking: 0
  • Parking Features: Assigned, Circular Driveway, Driveway - Combination, Concrete, Parking Space
Interior Features
Interior Features
  • Levels: One
  • Cooling: Dual, Central Air, Wall/Window Unit(s)
  • Cooling Type: Dual, Air Conditioning, Ceiling Fan, Central, Window Unit(s), Wall/Window
  • Heating: Wall Furnace, Combination, Forced Air
  • Heating Type: Wall, Combination, Forced Air
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
  • Laundry: Washer Included, Dryer Included, Stackable
Exterior Features
Exterior Features
  • Door Features: French Doors
  • Windows: Skylights, Screens
  • New Construction: No
  • Other Structural Features: High Ceilings (9 Feet+), Full Copper Plumbing, Partial Copper Plumbing, French Doors
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-11-2024
  • Tenant Pays: Gas, Cable TV, Electricity, Insurance
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1.00
  • Unit Actual Rent: $1.00
  • Unit Projected Rent: $7,950.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1.00
  • Unit Actual Rent: $1.00
  • Unit Projected Rent: $13,800.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $267,947.00
  • Assessed Improvement Percent: 21.28
  • Assessed Land Value: $991,436.00
  • Assessed Land Percent: 78.72
  • Assessed Total Value: $1,259,383.00

Property History for 6043 Selma Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6043 Selma Avenue

Taxable ValueLand$1,011,264Additions$273,305Total$1,284,569
Tax Record2024$16,747 ($1,396 / month)
Home Facts
Total Finished SqFt4,328 SqFtAbove Grade Finished SqFt4,328 SqFtLot Size19,803 SqFtStyleMulti-Family Res (5+ Units)Year Built1914ZoningLAR4CountyLOS ANGELESAPN5545-007-040

Schools near 6043 Selma Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Grant Elementary School
PublicK to 6

Richard A. Alonzo Community Day School
Public7 to 12

Hollywood Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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6043 Selma Avenue is a multi-family home for sale in Los Angeles, CA 90028. This property was listed for sale on November 11, 2024 by Compass, it's currently listed at $3,800,000. It has been on the market for a total of 7 days and was last sold on January 31, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Grant Elementary School, Richard A. Alonzo Community Day School and Hollywood Senior High School. 6043 Selma Avenue is a 10-bed, 6-bath, 4,328 sqft multi-family home built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Sergio Flores, DRE #01450965

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.